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Overseas Travel Booking Platform 'Rruu' Garners RMB 35 Mln Series A+

Lieyunwang, 8/17/17

Chengdu-based Guofan Chuangxiang Technology, operator of online and mobile overseas travel booking platform, recently announced completion of RMB 35 mln in Series A+ funding led by an investment fund managed by an A-shares listed company. Additional participants this round include prior-round investors Lenovo Capital and Incubator Group and Chuxin Yuanjing Investment Management (Initial Capital).

Funds will mainly be used for overseas procurement and product category expansion, as well as to connect with additional suppliers to improve operating efficiency, mobile user experience, and local service standards.

Guofang Chuangxiang, established in 2014 and headquartered in Chengdu, offers trip planning and travel booking services to its users.

Rruu's self-guided travel products currently cover Australia, New Zealand, North America, Europe, and Asia-Pacific, and the platform has relationships with more than 10,000 vendors in travel destination areas. Its service categories include local entertainment, airport pickup and drop off, vehicle rentals, transportation tickets, and restaurant bookings. It also offers route maps, real-time product information, offline navigation maps, and electronic documentation services.

Guofan Chuangxiang previously completed angel funding from Initial Capital in 2015 and RMB 15 mln in Series A funding from Lenovo Capital and Incubator Group in 2016.

Editor's Note: For more information on this topic, please see "Overseas Travel Booking Platform 'Rruu' Completes RMB 15 Mln Series A," MD 6/02/16 issue.

Keywords: online travel funding Series A M&A VC Internet Initial Capital Rruu Guofan Chuangxiang Lenovo Capital


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